The economic engine of Europe is rapidly approaching crisis and economics depression:
The real estate sector in Germany dropped in the last three months of 2022 due to the surging costs of financing and to record inflation in Europe’s largest economy, a report published on Monday by BNP Paribas showed.
Investments in the country’s commercial property sector slumped by 50% from October to December, compared to the five-year average for the period, and reached just €9.9 billion ($10.6 billion).
The sector took a strong hit as investors shied away from deals due to rising interest rates and an overall worsening economic environment in Germany, the survey results revealed.
One of the fascinating things about Clown World is the way that it simultaneously manages to destroy economies while placing a nominal emphasis on economic growth uber alles. The collapse of the Germany economy should be followed, in relatively short order, by the collapse of the European Union.